Thirty SOEs shortlisted for sell-off

[Panther 57]

October 01, 2013
WASEEM IQBAL &WAQAR LILLAH
The Privatisation Commission (PC) has shortlisted 30 State Owned Entities (SOEs) to be
privatised in compliance with the commitment made with the International Monetary Fund
(IMF) under a $6.64 billion Extended Fund Facility. Well placed sources told Business
Recorder that 30 SOEs have been identified but a final decision would be taken by the
Cabinet Committee on Privatisation (CCoP).
Sources further said that Finance Minister Ishaq Dar, who heads the CCoP, will convene a
meeting in the next few days to finalise the list of 30 SOEs as per the government's priority.
Sources further revealed that priority is being given to energy sector companies, banking and
finance, infrastructure, transport and corporations & others.
In the energy sector the following are targeted for privatisation: Oil and Gas Development
Company Limited (OGDCL), Pakistan Petroleum Limited, Pakistan State Oil Company
Limited (PSO), Sui Northern Company Limited (SNGPL), Sui Southern Gas Company
Limited (SSGCL), Mari Petroleum Company Limited (MPCL-formally Mari Gas, National
Power Construction Company (NPCC), Islamabad Electric Supply Company (Iesco),
Faisalabad Electric Supply Company (Fesco), Lahore Electric Supply Company (Lesco),
Gujranwala Electric Power Company (Gepco).
In the banking and finance sector the following have been targeted for privatisation: National
Investment Trust Limited (NITL), Small and Medium Enterprises (SME) Bank, First Women
Bank Limited (FWBL), National Bank of Pakistan (NBP), National Insurance Company
Limited (NICL), Pakistan Reinsurance Company Limited (PRCL), State Life Insurance
Corporation (SLIC) and House Building Finance Corporation (HBFC). In the infrastructure
sector the following are targeted for privatisation: Civil Aviation Authority (CAA), Port
Qasim Authority (PQA), Karachi Port Trust (KPT) , National Highway Authority (NHA).
In the transport sector the following are targeted for privatisation: Pakistan International
Airlines Corporation (PIAC), Pakistan National Shipping Corporation (PNSC), Pakistan
Railways & its allied facilities, factories, workshops, etc.
Pakistan Industrial Development Corporation (PIDC), Utility Stores Corporation (USC),
Trading Corporation of Pakistan (TCP), Printing Corporation of Pakistan (PCP) are also
identified for privatisation. The sources further revealed that the government had got
approval from the Council of Common Interest (CCI) for the privatisation of 65 SOEs,
including the 30 noted above. The sources maintained that there is no need for fresh approval
from CCI as the CCoP and CCI both have the mandate to give approval.
Copyright Business Recorder, 2013

A subtle plan to strip off Pakistan of its all the assets and make it dependent on private entities, which are vulnerable to treason anytime.
@Aeronaut @batmannow @

 

[Kompromat]

Mubarik ho..........................

 

[batmannow]

what else can be expected from the toe kissers of royals from KSA & GREAT BRITAIN?
thats the plan is, to sell this dam country inch by inch?
thats why terrorism , is just there to break the will of peoples?
thats why, PAKARMY is only intersted in safe gurding its nucks, which is the most wanted list in the political crooks basket?

 

[Panther 57]

what else can be expected from the toe kissers of royals from KSA & GREAT BRITAIN?
thats the plan is, to sell this dam country inch by inch?
thats why terrorism , is just there to break the will of peoples?
thats why, PAKARMY is only intersted in safe gurding its nucks, which is the most wanted list in the political crooks basket?

One day they are going to put those also for sale and privatisation.

 

[batmannow]

One day they are going to put those also for sale and privatisation.

no thats the prime deal?
but look at the price hike, petrol prices, power prices, whats going on?
can any one stops them?
hve any of IK,s given any statment against it, hve any PPP came out protesting it?
hve any JI gets any pain for that?
no none, nothing?
why not? the destruction of pakistan is the agenda?

 

[Panther 57]

no thats the prime deal?
but look at the price hike, petrol prices, power prices, whats going on?
can any one stops them?
hve any of IK,s given any statment against it, hve any PPP came out protesting it?
hve any JI gets any pain for that?
no none, nothing?
why not? the destruction of pakistan is the agenda?

None of them. MQM was adamant not have GST imposed, what happened when it was imposed? Pakistan has already come in hot waters and burner is still on, things are going to be more difficult if some sensible decision is not taken in time.